Open only to European squads and taking place every four years, the Euro 2020 soccer tournament is undoubtedly going to be one of the world's largest sporting events. While it's not as large as the World Cup by any stretch, or by most any measure, it's right behind the WC in terms of popularity. Perhaps one of the reasons that the Euro tournament isn't as big is because, as the name suggests, only European teams can compete in this tournament, no teams from the Americas, Asia, Australia, etc. However, Europe is the continent on which soccer has the largest appeal, and so many millions follow Euro 2020. And this definitely spreads over to the USA, and many Americans catch soccer fever. However, there may be different reasons for America's obsession with this tournament.
Not that Americans don't love soccer, of course; Major League Soccer is a popular sporting league and millions are fans. But what drives the American audience more is actually the betting action! Yes, if Las Vegas and Atlantic City weren't large enough clues, there's something inherent in Americans that make many of them big-time gambling fans, especially in the realm of sports betting. Euro 2020 may never reach the popularity of daily fantasy sports or betting on the Super Bowl, but it certainly has its place. If you're one of the many Americans who want to bet on Euro 2020 but have questions about its legality and the overall betting process, we hope to clear things up for you here on USA Sportsbook Sites.
Quick Explanation On The Legalities Of Betting On The Euro Cup In The United States
Let us just start with the big matzah ball hanging here and state that, unequivocally, it is legal for you to bet online as an American. The confusion comes by way of it actually being illegal to be the one hosting these bets. In other words, if you wanted to created your own sportsbook site, you would be in the business of accepting money for gambling wagers, and this would be against federal law and most state laws. However, if you simply want to bet your own money on a sportsbook, this is no different than going to the store to purchase a lottery ticket in the eyes of government. A potentially long story summed up shortly, you are allowed to bet with online sportsbooks. Our legal USA online sports betting guide goes into greater detail if you want to learn more about the regulations.
The question then becomes, of course, how to find these online sportsbooks. You will likely need to find what is called an offshore site. An offshore sportsbook is simply a site that's set up outside of the United States and thus is not subject to any sort of rules or regulations. Though seeing as there are many offshore sites, not all of them are the best option for your money. You wouldn't want to risk things by going with a shoddy site. So this is why we're going to help you through the process of selecting the right site.
Helping You Land on the Right Sportsbook
Not only does the sportsbook you choose have to offer you plenty of Euro 2016 betting options, but it also has to freely accept US-based players, have great security, and hopefully offer you lucrative bonuses on top of fair-play. So what we recommend to you here is that you actually follow our recommendations for the right sportsbook to choose. We're not talking these sites up with fluffy rhetoric and a dozen exclamation points in 20-pt font. We are gamblers ourselves here, and so we understand the need for a solid, trustworthy site.
Understanding this need, we have went and have tested and tried a wide variety of sportsbooks out there, books that are friendly to a US audience. We have tested their security, looked at their bonuses, found out about their line offerings, and much more. Then we have taken the best of the best and have constructed impartial, accurate, thorough reviews about them, reviews you can find right here on this site. We urge you to sign up with a site we have reviewed rather than testing the waters yourself through trial and error. The first step in the betting process for Euro 2020 is finding a winning site on which to bet.
Best Online Sports Betting Site For Colorado Residents
Betonline is one off the largest and most respected sportsbooks in the industry. And there is a reason for that, they come correct in nearly every aspect of the betting process. Whether you're looking for the best bonuses, the most robust software or the widest variety of betting lines for the 2020 Euro Cup, Betonline is where it's at.
New players can claim a generous 25% cash bonus up to $1,000 on their first deposit. But it doesn't end there. They reward players with a 25% bonus on every deposit for life. This is really where Betonline exceeds the competition, by taking care of their players in a big way.
Five Betting Tips to Keep in Mind for Euro 2020
1: Do Not Bet on the Earliest Stages
The group stages are typically exciting and they typically contain a lot of action, but this is simply the initial stages, more or less like qualifying. You cannot tell, in most cases, which teams are the best of the best until they've made it to the knockout stage. Only in instances where you find a favorite like Germany or Spain playing against much weaker competition should you bet here. The safest way to approach the betting is to let the field sort itself out and for the stronger teams to emerge. This gives you a much better gauge concerning which teams are the toughest.
2: Never Risk Too Much Money
For many of you who are first signing up with a sportsbook, you may put in $100 or so, and you may decide to risk that all on your initial bet(s). This is actually the top reason that people quit betting. They bet all their money to start, they lose that money, and they walk away from betting. This isn't how you should go about things. Try to keep your bets small. $10 for every $100 you have in your stack would be our recommendation. This way a loss, which is inevitable, never stings very badly, while every win is at least a double-up if you're betting basic soccer odds (note: Soccer odds are almost always typically favorable, +110 and higher).
3: Please, Pick A Reputable Site By Following Our Recommendations
The bets you place are only solid if you're betting with the right site. This is why we recommend that you choose the sites we have listed on our site here before you sign up and make a bet. Not that many sites are scams or anything, but a lot of sub-par sites do have poor odds and you may encounter issues when you go to collect payment. Not to even mention that these low-brow sites don't offer props, live bets, good futures or other betting varieties. So to ensure the best user experience, go with a site we have deemed suitable. We've broken these sites down into several categories including the most trusted USA online sportsbooks and the best overall sites.
4: Understand the Game
Understand how soccer is played before you bet. Understand that the games are low-scoring and how the ebb and flow works. Understand the rosters and the importance of some players, and keep your eyes on injury reports and player information. You don't have to be an expert to win money by any stretch, but the more you know about the game, the better your odds of winning become. Take some time to learn about the tournament structure as well, and how group stages put forth the best teams so that the knockout stage just rolls right along.
5: Be Analytical
Let's say you're a huge fan of Italian soccer so you're rooting for Italy, and they're playing against Germany. Germany is the favorite with a line of -150, while Italy is the dog with a line at +500. While it is true that betting, say, $100 on Italy would net you $500, you have to consider the long-shot odds, and maybe understand that clearing $50 by betting on Germany is a far better bet. It might pain you as a fan, but what is your goal here? Do you want to win money or do you want your favorite team to win? Unfortunately, most people can't have both.
Understanding The Structure of the European Championship 2020 Soccer Tournament
Until very recently, this year in fact, the UEFA European Championship (Euro) only had 16 teams. This year, however, the tourney has jumped to 24 teams, and eight more teams now get to vie for the European title. Like the Olympics or World Cup, this Euro tournament is held every four years. Only unlike these events, only European teams can qualify to play. Of the 24 teams to qualify, you have teams like Austria, Croatia, France, Germany, Hungary, Iceland, Ireland, Poland, and many more. Most of these teams qualified over a year ago by playing group matches, while France actually got its bid because it is the host nation.
The actual structure of the tournament has six groups of four teams each. Within these groups, each team will play every team, for a total of three inter-group games. The top two teams from each group will advance, along with a few others who did the best in the tournament's opening rounds, for a total of 16 teams put through to the knockout stage. Once the knockout stage starts, no ties are allowed and teams either win and advance or lose and go home. Over the course of one full month, these teams are whittled away until two teams via for a winner takes all championship. To avoid ties, which are only allowed in the group rounds, two 15-minute extra periods are played. And if that's not enough, a penalty shot round will be played.
Favorites and Odds Of The 2016 UEFA Championship Tournament
Like all sporting events, some teams are heavily favored and anticipated to do well at Euro 2016, while some aren't. For instance, France (+300), Germany (+333), Spain (+550), and England (+800) are all considered very likely to do well, and so their future lines are solid. But then you have teams like Italy (+1600) who are not so heavily favored, and teams like Albania (+50000) who are such incredible underdogs that betting $1 would net you $50,000 – so imagine a $100 bet! Of course, these are the futures. You can also find individual game odds, such as, example, Spain vs. Czech Republic, with Spain being 8/11 to win and Czech being 11/1. Of course, $1 wins $11 for the CR, but that's a longer shot than $11 winning $8, which isn't as much money but means you're more likely to win it. In that regard, we recommend that you do your own research and do not bet merely because of the lines. Look to see which team has full strength and momentum, etc.
There are all sorts of odds and lines you can find on the top sportsbook sites we recommend. Just proceed with caution and make educated bets that don't break the bank. If you're interested in betting on MLS, check out our list of the best USA MLS soccer betting sites.